Ethereum 3day shows a double bottom and breakout 🐱🏍
The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly.
Bullish stuff:
We entered the bull market support band and did not get rejected so far.
The RSI shows a strong healthy rise.
Trading volume is higher compared to the start of 2022.
We formed a W shaped double bottom which is a strong reversal sign.
Bearish stuff:
We did not create higher highs yet and are in a consolidation phase during a down trend.
Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA .
We believe that the people that hold through these hard times will get rewarded.
What is needed is patience and endurance .
We expect a bullish Q2 for 2022.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumblery
Bullish stuff:
We entered the bull market support band and did not get rejected so far.
The RSI shows a strong healthy rise.
Trading volume is higher compared to the start of 2022.
We formed a W shaped double bottom which is a strong reversal sign.
Bearish stuff:
We did not create higher highs yet and are in a consolidation phase during a down trend.
Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA .
We believe that the people that hold through these hard times will get rewarded.
What is needed is patience and endurance .
We expect a bullish Q2 for 2022.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumblery